Avalanche struggles to hold its ground. AVAX traded at $13.20 at press time. The token dropped 0.2% over 24 hours.
Price action remained pinned near crucial support. AVAX moved between $12.87 and $14.63 over seven days. The token declined 2.4% weekly and lost roughly 15% monthly.
Trading activity picked up sharply despite minimal price movement. Avalanche's 24-hour volume surged 41% to $301 million. More traders stepped in as AVAX tested lower price levels.
Derivatives markets showed growing interest. Futures activity increased 21% to $591 million. Open interest edged up 1.2% to $515.5 million, according to CoinGlass data. Traders opened new positions rather than closing existing ones.
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Network Growth Fails To Lift Prices
Avalanche saw steady network expansion as 2025 nears its end. Activity on the C-Chain continued growing. Total value locked maintained an upward trend.
Stablecoin supply expanded beyond $1.5 billion. New capital flowed into the ecosystem. However, these gains haven't pushed prices higher yet.
Institutional interest strengthened significantly. According to Avalanche on X, AVAX joined the Bitwise 10 Crypto Index ETF. The announcement stated that institutions are now here. Expanded custody support for USDC on the C-Chain reinforced long-term prospects.
Broader market weakness kept momentum in check. Technical pressure left prices exposed to further downside.
Bearish Technical Patterns Dominate Charts
AVAX remains trapped in a long-term downtrend. Every major rally faced rejection at a descending trendline. That pattern continues holding prices down.
A rising wedge broke to the downside after the last sell-off. This confirmed the bearish trend remains active. Price now tightens around $13, forming a descending triangle shape.
Sellers push from above while buyers defend flat support below. This raises breakdown chances if support gives way.
Momentum indicators show limited buying interest. The relative strength index sits around 42, below neutral. Trading volume cooled after the sharp drop from $28-$30. Selling pressure eased but demand remains cautious.
Breaking $13 support could send AVAX toward $11.50 next. A stronger floor exists near $10. Bulls need to push back into the $15.50-$16 range on stronger volume.
